Just read SQ2 annual report. They are up 16% on huge monthly transactions of 56 million and 250 billion of transactions. Tyr of course cannot match them in the US market but their business model exactly matches the same segments Tyro is targetting.
They must be a prime takeover target inevitably. I'm sure square will be paying more than $1.65. Lol. I can now see why they want to keep their banking license given Squares major interest in competing against the banks and becoming a digital bank themselves in Australia is my guess.
There is no reason why Tyr won't surprise to the upside next week after cash transactions are almost nonexistent.
TYR Price at posting:
$1.17 Sentiment: Buy Disclosure: Held
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